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Side-by-side financial comparison of Leidos (LDOS) and Lennar (LEN). Click either name above to swap in a different company.
Lennar is the larger business by last-quarter revenue ($6.6B vs $4.4B, roughly 1.5× Leidos). Leidos runs the higher net margin — 7.6% vs 3.5%, a 4.1% gap on every dollar of revenue. On growth, Leidos posted the faster year-over-year revenue change (3.7% vs -13.3%). Over the past eight quarters, Leidos's revenue compounded faster (3.5% CAGR vs -13.1%).
Leidos Holdings, Inc. is an American defense, aviation, information technology, and biomedical research company headquartered in Reston, Virginia, that provides scientific, engineering, systems integration, and technical services. Founded as Science Applications International Corporation (SAIC), Leidos merged with Lockheed Martin's IT sector, Information Systems & Global Solutions, in August 2016 to create the defense industry’s largest IT services provider.
Lennar Corporation is an American home construction company based in Miami-Dade County, Florida. As of 2025, it is the second-largest home construction company in the United States based on the number of homes sold. Lennar has investments in multifamily and single-family residential rental properties, luxury development, property technology with LenX, and mortgage lending from Lennar Mortgage.
LDOS vs LEN — Head-to-Head
Income Statement — Q1 FY2027 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.4B | $6.6B |
| Net Profit | $335.0M | $229.4M |
| Gross Margin | 17.3% | — |
| Operating Margin | 11.5% | — |
| Net Margin | 7.6% | 3.5% |
| Revenue YoY | 3.7% | -13.3% |
| Net Profit YoY | -8.2% | -55.8% |
| EPS (diluted) | $2.56 | $0.93 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $4.2B | $6.6B | ||
| Q4 25 | $4.4B | $9.4B | ||
| Q3 25 | $4.2B | $8.8B | ||
| Q2 25 | $4.2B | $8.4B | ||
| Q1 25 | $4.3B | $7.6B | ||
| Q4 24 | — | $9.9B | ||
| Q3 24 | $4.2B | $9.4B | ||
| Q2 24 | $4.1B | $8.8B |
| Q1 26 | $327.0M | $229.4M | ||
| Q4 25 | $367.0M | $490.2M | ||
| Q3 25 | $391.0M | $591.0M | ||
| Q2 25 | $363.0M | $477.4M | ||
| Q1 25 | $284.0M | $519.5M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $364.0M | $1.2B | ||
| Q2 24 | $322.0M | $954.3M |
| Q1 26 | 17.4% | — | ||
| Q4 25 | 18.0% | — | ||
| Q3 25 | 18.0% | — | ||
| Q2 25 | 17.5% | — | ||
| Q1 25 | 15.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | 16.6% | — |
| Q1 26 | 11.3% | — | ||
| Q4 25 | 12.0% | 7.3% | ||
| Q3 25 | 13.5% | 9.0% | ||
| Q2 25 | 12.5% | 7.7% | ||
| Q1 25 | 9.7% | 9.1% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | 12.4% | 16.3% | ||
| Q2 24 | 11.6% | 14.4% |
| Q1 26 | 7.8% | 3.5% | ||
| Q4 25 | 8.2% | 5.2% | ||
| Q3 25 | 9.2% | 6.7% | ||
| Q2 25 | 8.6% | 5.7% | ||
| Q1 25 | 6.5% | 6.8% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | 8.7% | 12.3% | ||
| Q2 24 | 7.8% | 10.9% |
| Q1 26 | $2.54 | $0.93 | ||
| Q4 25 | $2.82 | — | ||
| Q3 25 | $3.01 | $2.29 | ||
| Q2 25 | $2.77 | $1.81 | ||
| Q1 25 | $2.10 | $1.96 | ||
| Q4 24 | — | $4.03 | ||
| Q3 24 | $2.68 | $4.26 | ||
| Q2 24 | $2.37 | $3.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $457.0M | $2.1B |
| Total DebtLower is stronger | $6.0B | — |
| Stockholders' EquityBook value | $5.1B | $21.9B |
| Total Assets | $15.4B | $33.2B |
| Debt / EquityLower = less leverage | 1.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | $2.1B | ||
| Q4 25 | $974.0M | $3.8B | ||
| Q3 25 | $930.0M | — | ||
| Q2 25 | $842.0M | — | ||
| Q1 25 | $943.0M | — | ||
| Q4 24 | — | $4.9B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $823.0M | — |
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.6B | $5.9B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.0B | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — |
| Q1 26 | $4.9B | $21.9B | ||
| Q4 25 | $4.9B | $22.0B | ||
| Q3 25 | $4.7B | $22.6B | ||
| Q2 25 | $4.3B | $22.6B | ||
| Q1 25 | $4.4B | $22.7B | ||
| Q4 24 | — | $27.9B | ||
| Q3 24 | $4.6B | $27.4B | ||
| Q2 24 | $4.5B | $26.9B |
| Q1 26 | $13.5B | $33.2B | ||
| Q4 25 | $13.5B | $34.4B | ||
| Q3 25 | $13.5B | $34.9B | ||
| Q2 25 | $13.2B | $34.4B | ||
| Q1 25 | $13.1B | $35.0B | ||
| Q4 24 | — | $41.3B | ||
| Q3 24 | $13.3B | $39.7B | ||
| Q2 24 | $12.9B | $38.7B |
| Q1 26 | 0.94× | — | ||
| Q4 25 | 0.94× | 0.27× | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.92× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $301.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $495.0M | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | $711.0M | $-158.6M | ||
| Q2 25 | $58.0M | $-1.1B | ||
| Q1 25 | $299.0M | $-289.0M | ||
| Q4 24 | — | $974.5M | ||
| Q3 24 | $656.0M | $819.2M | ||
| Q2 24 | $374.0M | $241.8M |
| Q1 26 | $452.0M | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | $680.0M | $-190.8M | ||
| Q2 25 | $36.0M | $-1.1B | ||
| Q1 25 | $213.0M | $-345.1M | ||
| Q4 24 | — | $933.1M | ||
| Q3 24 | $633.0M | $800.8M | ||
| Q2 24 | $351.0M | $203.0M |
| Q1 26 | 10.8% | — | ||
| Q4 25 | — | 17.9% | ||
| Q3 25 | 16.1% | -2.2% | ||
| Q2 25 | 0.9% | -13.3% | ||
| Q1 25 | 4.9% | -4.5% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | 15.2% | 8.5% | ||
| Q2 24 | 8.5% | 2.3% |
| Q1 26 | 1.0% | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | 0.7% | 0.4% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 2.0% | 0.7% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 0.6% | 0.2% | ||
| Q2 24 | 0.6% | 0.4% |
| Q1 26 | 1.51× | — | ||
| Q4 25 | — | 3.59× | ||
| Q3 25 | 1.82× | -0.27× | ||
| Q2 25 | 0.16× | -2.29× | ||
| Q1 25 | 1.05× | -0.56× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | 1.80× | 0.70× | ||
| Q2 24 | 1.16× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LDOS
Segment breakdown not available.
LEN
| Homebuilding | $6.3B | 95% |
| Financial Services | $215.6M | 3% |
| Multifamily | $82.5M | 1% |
| Lennar Other | $22.9M | 0% |
